On April 19, 2025, China Railway Capital Factoring Company signed strategic cooperation agreements with nine companies, including SY Technology, Wuxi Guojin, Ningbo Guofu, Qingdao Haikong, Xiamen Xiangsheng, Xiamen Chuangyi, Tianjin Hongtong, Quanzhou Factoring, and Sujiaokong Factoring, in Shenzhen.
He Chuan, Member of the Party Committee, Chief Accountant, and General Counsel of China Railway Capital; Li Ding'an, General Manager of the South China Marketing Service Center; Zhang Zhaoxin, Party Secretary and Director of China Railway Capital Factoring Company; Dong Zhifeng, Chairman of SY Group; and Lin Siming, Director of the National Factoring Legal Professional Committee of Yingke Law Firm and Head of the Legal Services Research Group of the Commercial Factoring Professional Committee of the China Association of Trade in Services, attended the signing ceremony.
The direct factoring cooperation model adopts a risk control philosophy of "focusing on transactions over entities," leveraging SY Technology's digital capabilities to verify the authenticity and rationality of underlying transactions, effectively reducing the risk management challenges for partner factoring companies. Additionally, by utilizing SY Technology’s end-to-end ABS services, partner factoring companies can expand financing channels, lower capital costs, and further provide more efficient and inclusive supply chain financial services to small and medium-sized suppliers within China Railway’s industrial chain.
Dong Zhifeng, representing SY Group, welcomed He Chuan and his delegation and provided a brief overview of SY Group’s business development. He expressed hope that both parties could establish strong cooperation in digital technology and platform services, using data applications to enable real-time transaction verification and digital process collaboration, thereby enhancing efficiency and value creation within China Railway’s supply chain finance ecosystem.
He Chuan expressed gratitude for SY Group’s support and trust. He stated that this collaboration between China Railway Capital Factoring Company and SY Group is a significant step in deepening the role of supply chain finance in fostering the growth of China Railway’s industrial chain. China Railway Capital Factoring Company will promptly implement the agreement’s contents, exploring new approaches with partners to empower the construction industry through supply chain finance, reduce financing costs for enterprises in the chain, improve service efficiency, and support key projects and high-quality development of China Railway’s industrial chain.
Zhang Zhaoxin noted that the two sides have a solid foundation for cooperation. China Railway Capital Factoring Company will work closely with SY Technology and state-owned factoring firms to drive innovation in international factoring and collection-promoting factoring, fostering mutual growth and leveraging new models to achieve win-win outcomes for upstream and downstream enterprises in the industrial chain.
Under the agreement, both parties will strengthen collaboration in factoring business innovation, industrial ecosystem sharing, and technological innovation applications. Taking direct factoring connectivity as a new starting point, they will accelerate resource sharing and jointly develop a new synergistic growth landscape.
Relevant department heads from SY Group, SY Technology, and the eight state-owned factoring companies, as well as representatives from China Railway Capital Factoring Company, attended the meeting.
